Global Robo Advisory Market Report Highlights Size, Share, and Growth Forecast to 2033

The global Robo Advisory Market reached a size of USD 11.8 Billion in 2024, with a forecast to expand significantly to USD 92.2 Billion by 2033. The market is poised to grow at a compound annual growth rate (CAGR) of 24.33% during the forecast period of 2025-2033. This growth is driven by increased demand for accessible financial solutions, ongoing technological advancements, digital transformation, and enhanced financial literacy worldwide.

STUDY ASSUMPTION YEARS

Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033

ROBO ADVISORY MARKET KEY TAKEAWAYS

Current Market Size: USD 11.8 Billion in 2024
CAGR: 24.33%
Forecast Period: 2025-2033
The market growth is driven by the widespread need for algorithmic calculations to analyze data and provide comprehensive information.
Increasing integration of artificial intelligence (AI) and machine learning (ML) solutions is minimizing human error and advancing market growth.
North America dominates the market due to high smartphone and internet penetration and technological infrastructure.
Hybrid robo advisors exhibit clear market dominance over pure robo advisors, combining algorithm-driven advice with human insight.
High Net Worth Individuals (HNIs) hold a larger market share compared to retail investors due to cost efficiency and sophisticated investment options.

Sample Request Link:
https://www.imarcgroup.com/robo-advisory-market/requestsample

MARKET GROWTH FACTORS

The global robo advisory market growth is primarily driven by the widespread need for performing algorithmic calculations to analyze data and deliver comprehensive financial information accurately. These algorithm-based platforms offer efficient, real-time investment solutions that eliminate credit risks through secure investments and precise, data-driven decision-making. This demand fuels the expansion of robo-advisory platforms as reliable alternatives to traditional investment advisory.
Technological advancements, including significant integrations of artificial intelligence (AI) and machine learning (ML), are further propelling the market. These technologies automate complex event processing and minimize errors caused by human interventions. Enhancements in big data analytics enable robo-advisors to provide highly personalized investment strategies, automated portfolio rebalancing, and tax optimizations, making them especially attractive to tech-savvy investors.
The increasing number of smartphone users, which is expected to grow globally by 1.7 billion users (+37.98%) between 2024 and 2029 to reach 6.2 billion, is a crucial factor enhancing market growth. On-the-go access to robo-advisory apps enables users to track, manage, and adjust their investments 24/7 through mobile applications, fitting the growing consumer preference for anytime, anywhere financial services.

MARKET SEGMENTATION

Breakup by Business Model:

Pure Robo Advisors: Fully automated platforms providing investment management without human intervention.
Hybrid Robo Advisors: Combine algorithm-driven advice with human advisory services, dominating the market by catering to investors needing personalized attention and sophisticated planning.

Breakup by Service Type:

Direct Plan-Based/Goal-Based: Focus on specific investment goals and direct plan offerings.
Comprehensive Wealth Advisory: Represents the majority, providing holistic solutions that address complex financial situations, including diversified income streams, trusts, and long-term planning.

Breakup by Provider:

Fintech Robo Advisors: Largest segment offering low-cost, digitally-driven portfolio management.
Banks: Traditional financial institutions providing robo advisory services.
Traditional Wealth Managers: Established wealth management firms adapting to robo-tech.
Others: Additional varied providers in the market.

Breakup by End User:

Retail Investor: Individual investors with limited portfolios.
High Net Worth Individuals (HNIs): The Majority segment is attracted by cost efficiency, advanced portfolio strategies, and diversified investment options, including alternative assets.

Breakup by Region:

North America: Leads the market with strong digital infrastructure and high adoption.
United States
Canada
Asia-Pacific: Includes China, Japan, India, South Korea, Australia, Indonesia, and others.
Europe: Includes Germany, France, United Kingdom, Italy, Spain, Russia, and others.
Latin America: Includes Brazil, Mexico, and others.
Middle East and Africa

REGIONAL INSIGHTS

North America currently dominates the global robo advisory market, driven by rapid digital adoption and robust technological infrastructure in the U.S. and Canada. The region benefits from advancements in AI, machine learning, and big data analytics, enhancing personalized and automated investment solutions. Increasing consumer trust and familiarity with digital financial services further accelerate market growth.

RECENT DEVELOPMENTS & NEWS

October 2024: Futu Holdings Limited introduced ETF-based intelligent robo-advisory services delivering personalized investment solutions based on clients' risk profiles.
August 2024: Scripbox launched a robo-advisory app for direct mutual fund investors, including financial planning, risk profiling, asset allocation, and portfolio review.
February 2024: Revolut debuted its Robo-Advisor service in the EEA, automating investing based on user circumstances like risk tolerance and financial goals with automatic portfolio rebalancing.

KEY PLAYERS

Betterment
Ellevest
Fincite Gmbh
Ginmon Vermögensverwaltung GmbH
SigFig Wealth Management LLC
SoFi Technologies Inc.
The Charles Schwab Corporation
The Vanguard Group Inc.
Wealthfront Corporation
Wealthify Limited (Aviva plc)

CUSTOMIZATION NOTE
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

CONTACT US
IMARC Group,
134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.